What is trial balance?
A listing of all account balances that confirms the records are in balance and anchors the financial statements. The auditability instructions in this class call for tracing each material financial statement balance to the trial balance, a supporting schedule, and the original source document.
Where you will use it: this term comes up in the Applied AI for Finance and Accounting course, and the full course glossary collects every term in one place.
Related terms
From the free Applied AI for Finance and Accounting course by Devon Coombs, CPA, MBA.